Rent Guarantee
What is it?
Especially in today’s turbulent economic climate, ensuring that your monthly rent is secure is increasingly important. With our rent guarantee we can guarantee your monthly rental income if a tenant refuses to pay. All our policies last for a whole year and are property specific not tenant specific.
Cover for up to £30,000 unpaid rent
Instant protection from when a tenant refuses to pay
Covers costs associated with evicting a tenant
Which insurers?
| Fortis Policy Summary | |
|---|---|
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Covers unpaid rent if a tenant refuses to pay and/or vacate the property |
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12 month policy - cover for upto 4 or 6 month claim period depending on the policy purchased |
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Cover provided for working tenants only |
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Rental arrears up to £15,000 |
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Legal & professional costs up to £25,000 |
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Covers costs associated with evicting a tenant up to £25,000 |
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One policy per property, not per person/tenant |
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All property types excluding HMO's |
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Cover is provided per incident up to the claim period or until vacant possession is gained whichever is sooner |
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Benefit will not be paid in respect of an amount equal to the first months unpaid rent |
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Cover continues to run beyond the policy expiry date in the event of a claim until settled |
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Unlimited claims within policy period |
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Claim to be notified no more than 30 days after the rent was due |
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Tenants / Guarantor must have passed the Letinsure.co.uk Advanced+ and Guarantor references (if Guarantor is required) |
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Tenants must have signed a short-term tenancy agreement for a period of not less than 6 months |
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Policies can only be taken out up to 30 days after the signed date on the tenancy agreement |
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We advise you read the full policy wording if you would like to see the full cover available |
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If you think there is additional information which may influence or change the underwriters decision to accept the policy please call our customer service team on 0161 762 2593 |
